Average Rent in South Valley, Los Angeles, CA

Current Versus Historical South Valley, Los Angeles, CA Rents

South Valley rentals average $2,039 for a studio rental to $10,800 for a 4-bedroom rental. The median price of all currently available listings is $4,500, or roughly $3 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $138 (-7.96%) year-over-year from $1,738 to $1,600. 1-bedroom rentals prices have decreased by $28 (-1.41%) year-over-year from $2,013 to $1,985. 2-bedroom rentals prices have decreased by $261 (-8.84%) year-over-year from $2,956 to $2,695. 3-bedroom rentals prices have increased by $20 (0.47%) year-over-year from $4,230 to $4,250. 4-bedroom rentals prices have increased by $1,325 (20.31%) year-over-year from $6,525 to $7,850. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 1.44% this month. 1-bedroom rents have gone down by 1.24% this month. 2-bedroom rents have gone down by 2.41% this month. 3-bedroom rents have gone down by 0.53% this month. 4-bedroom rents have gone up by 12.54% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$4.28	$1,600	$1,738 (-7.96%)	$1,894 (-15.51%)
1 BR	$3.39	$1,985	$2,013 (-1.41%)	$1,695 (17.11%)
2 BR	$2.93	$2,695	$2,956 (-8.84%)	$2,353 (14.52%)
3 BR	$2.98	$4,250	$4,230 (0.47%)	$3,533 (20.28%)
4+ BR	$3.60	$7,850	$6,525 (20.31%)	$6,875 (14.18%)

Historical Rents in South Valley, Los Angeles, CA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South Valley

There are a total of 17 cities nearby South Valley. The average rent in South Valley is currently $4,400 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Long Beach, CA, with an average rent of $2,600, is the most affordable city nearby. In contrast, the most expensive city near South Valley, Los Angeles, CA is Malibu, CA. Monthly rents here are on average $29,500 per month.

Let's compare South Valley, Los Angeles, CA's rent against other top cities nearby by bedroom size. Typically, rent for studios in South Valley, Los Angeles, CA is 1.64% more affordable than other cities nearby. One bedrooms are about 20.45% more affordable. Two bedrooms in South Valley, Los Angeles, CA are about 24.19% more affordable. Finally, rent for three bedrooms are about 21.88% more affordable. Want more information? Check out the top 10 cities out of 17 total cities near South Valley, Los Angeles, CA in the following chart.

City	Studio	1 Bed	2 Bed	All
Long Beach, CA	$2,148	$2,285	$2,723	$2,600
Lancaster, CA	N/A	$1,200	$1,995	$2,800
Santa Clarita, CA	N/A	$2,435	$2,950	$2,903
Glendale, CA	$2,116	$2,100	$2,993	$2,993
Huntington Beach, CA	$2,085	$2,755	$3,375	$3,500
Los Angeles, CA	$1,995	$2,650	$3,950	$4,259
West Hollywood, CA	$3,025	$3,200	$5,725	$5,000
Santa Monica, CA	$2,475	$3,195	$5,745	$5,995
Beverly Hills, CA	$2,073	$3,400	$6,100	$11,000
Malibu, CA	$6,998	$5,873	$7,850	$29,500

Top Neighborhoods Near South Valley

There are a total of 15 neighborhoods in or near South Valley. Some of these neighborhoods include Historic Cultural, Wilshire Center - Koreatown, and Irvine Business Complex. We've included all of these top 15 neighborhoods in or near South Valley, Los Angeles, CA in the following chart.

The average rent for these 15 neighborhoods in or near South Valley, Los Angeles, CA is currently around $4,450 per month. A total of 8 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $4,450. Out of all the neighborhoods in or near South Valley, Historic Cultural has the most affordable average rent at $2,395 per month. Whereas, at $19,998 average rent per month, Bel Air-Beverly Crest is the most expensive neighborhood in or near South Valley. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Historic Cultural, Los Angeles, CA	$2,006	$2,253	$2,977	$2,395
Wilshire Center - Koreatown, Los Angeles, CA	$1,865	$2,440	$2,743	$2,492
Irvine Business Complex, Irvine, CA	$2,650	$2,694	$4,100	$2,987
Mid-Town North Hollywood, Los Angeles, CA	$2,200	$2,614	$3,050	$3,072
Downtown Los Angeles, Los Angeles, CA	$2,143	$2,875	$3,920	$3,200
Westchester-Playa Del Rey, Los Angeles, CA	$2,377	$3,005	$3,900	$3,565
Marina del Rey, Los Angeles, CA	$2,448	$2,950	$4,119	$3,779
Woodland Hills-Warner Center, Los Angeles, CA	N/A	$2,411	$3,225	$4,450
Westwood, Los Angeles, CA	$3,195	$3,995	$5,000	$5,295
Venice, Los Angeles, CA	$2,022	$3,372	$4,917	$5,400
Hollywood Hills West, Los Angeles, CA	$2,025	$2,390	$4,785	$6,750
Mid-City West, Los Angeles, CA	$1,599	$3,266	$5,775	$6,782
Sherman Oaks, Los Angeles, CA	$2,153	$1,995	$3,300	$8,950
Westside, Los Angeles, CA	$2,573	$9,500	$12,100	$9,425
Bel Air-Beverly Crest, Los Angeles, CA	N/A	$3,800	$6,250	$19,998

Top Counties Near South Valley

There are a total of 15 counties located by South Valley, Los Angeles, CA. Some of these counties include Ventura, CA, Los Angeles, CA, and Orange, CA. The average rent for rentals in these counties is $4,000. That's roughly around $3 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Ventura, CA. It's average rent per month is $3,485. Vice versa, with an average rent of $4,350, Orange, CA is the most expensive county by South Valley, Los Angeles, CA.

Typically, rent for studios in South Valley, Los Angeles, CA is 2.16% more expensive than other counties nearby. In comparison, rent for one bedroom listings in South Valley, Los Angeles, CA is 15.00% more affordable than other counties nearby. Finally, rent for two bedrooms in South Valley, Los Angeles, CA is 11.35% more affordable than other counties nearby. We've listed the top 3 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Ventura, CA	$1,775	$2,113	$2,950	$3,485
Los Angeles, CA	$1,995	$2,530	$3,660	$4,000
Orange, CA	$2,015	$2,600	$3,452	$4,350

Top Zipcodes Near South Valley

There are a total of 22 zipcodes in or near South Valley, Los Angeles, CA. The average rent for all of these zipcodes is $4,913. A total of 11 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 92663, Newport Beach, CA at $2,304 per month. In comparison, the zipcode with the most expensive average rent of $25,000 per month is 90210, Los Angeles, CA.

Studios in these zipcodes have an average rent of $2,011. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near South Valley, Los Angeles, CA is $2,724 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $4,575 per month. Which comes out to $4 per sqft. The following chart includes the top 10 zipcodes in South Valley, Los Angeles, CA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
91367, Los Angeles, CA	N/A	$2,422	$3,254	$3,855
90049, Los Angeles, CA	N/A	$2,700	$5,495	$6,495
90210, Los Angeles, CA	N/A	$7,750	$17,250	$25,000
90024, Los Angeles, CA	$3,195	$3,998	$4,700	$5,375
90046, Los Angeles, CA	$2,060	$2,449	$5,000	$6,800
90069, Los Angeles, CA	$3,299	$4,025	$7,745	$9,300
90025, Los Angeles, CA	$2,450	$2,547	$3,895	$3,945
90048, Los Angeles, CA	$1,975	$3,295	$5,599	$6,950
90068, Los Angeles, CA	N/A	$2,748	$5,295	$9,998
90028, Los Angeles, CA	$2,050	$2,425	$3,750	$2,895

Frequently Asked Questions - South Valley Average Rents

What is the average rent price in South Valley, Los Angeles, CA?

The average monthly rental price for South Valley, Los Angeles, CA apartments for rent is approximately $4,500. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South Valley, Los Angeles, CA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in South Valley, Los Angeles, CA.

How much is a studio apartment in South Valley, Los Angeles, CA?

The average monthly rental price for studio apartments is $2,039 and an average price per square feet of $4.28. There are a total of 16 studio apartment listings currently available for rent in South Valley.

How much is a one bedroom apartment in South Valley, Los Angeles, CA?

The average monthly rental price for one bedroom apartments is $2,200 and an average price per square feet of $3.39. There are a total of 65 one bedroom apartment listings currently available for rent in South Valley.

How much is a two bedroom apartment in South Valley, Los Angeles, CA?

The average monthly rental price for two bedroom apartments is $3,100 and an average price per square feet of $2.93. There are a total of 85 two bedroom apartment listings currently available for rent in South Valley.

How have rent prices in South Valley, Los Angeles, CA changed this year?

Rent prices for rentals in South Valley, Los Angeles, CA can fluctuate yearly. Specifically, studio rental prices have changed by -0.08%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by -0.09%, and three bedroom rental prices have changed by 0.00% year-over-year.

What is a reasonable rent price in South Valley, Los Angeles, CA?

A reasonable rent price in South Valley, Los Angeles, CA is around $3,600/month. You can search for these reasonably priced rental listings on RentHop.